8.—14

8

List of Applications and Advances— continued.

Robebt J. Collins, The Treasury, 9th June, 1909. Secretary to the Treasury. Notes —The total amount borrowed up to the 31st March, 1909, was £3,178.100. The total amount repaid to Public Works Fund up to the 31st March, 1909, was £89,800. The total amount advanced to local bodies up to the 31st March, 1909, was £2,537,080 17s. 5d.; less refunds, £30,701 12s. Id. = £2,506,379 ss. 4d. The total amount advanced under section 75 of "The Local Bodies' Loans Act, 1908," up to the 31st March, 1909, was £567,969 7s. 5d., less refund of £131 *• £566,969 7s. sd. * £1 421 800 of this amount has been converted into consolidated-stock debentures under " The Consolidated Stock Act, 1884." t Including second year's grants, for which all formalities have been completed. t These amounts represent the debt as inscribed up to the Ist February, 1909. They include the inscribed stock exchanged for debentures under •• The Boads and Bridges Construction Act, 1882," amounting to £89,878 Bs. 9d. (See 8.-13,1891.) Approximate Cost of Paper— Preparation, not given; printing (I,SCO copies), £9 18s. Price ed. 1 By Authority : John Mackay, Government Printer, Wellington.—l9o9.

i Amount Local Authority. applied for. Provisionally granted or refused. of Poll or ■, „ „ „, inli Ivances. Purpose of Loan. Remarks. TJ] [dek Sec noN 75 c >r " The Local Bodies' Loans Act, 1908." £ Brought forward 201,293 Hon. Minister of 45,655 Lands Totals .. 246,948* £ 27,005 11,970 £ 165,131 42,743 38,975 207,874 *£17,2i Note.—" P.G." i [»has to be deducted from this amount for loans refused. nsionally granted; " G." granted; " R." refused. leans proi £ s. d. £ s. d. Cash balanno, 1st April, 1908 .. .. .. .. .. ,. .. .. 11,271 0 5 Money borrowed to make advanoes to local bodies .. .. .. .. .. .. 250,000 0 0 261,271 0 5 Money advanced to local bodies .. .. .. .. .. .'. .. .. 192,136 0 0 Money advanced under section 75 of " The Local Bodies' Loans Act, 1908 " .. .. .. 54,712 13 8 246,848 13 8 Less refunds by— £ s. d. Kairanga County Oounoil .. .. .. .. 14 8 11 Levels County Gounoil .. .. . .. .. .. 23 6 11 Masterton County Council .. .. .. .. .. 100 0 0 Pahiatua County Council .. .. .. .. .. 109 7 2 Stratford County Council .. .. .. .. .. 63 16 1 Carterton Borough Counoil .. .. .. .. .. 35 12 4 Whangarei Borough Council .. .. .. .. .. 182 9 1 529 0 6 246,319 13 2 14,951 7 3 Amount transferred to Hauraki Plains Settlement Account under section 4 of " The Hanraki Plains Act, 1908" ' 12,000 0 0 Cash balance, 31st March, 1909 .. .. .. .. .. .. .. .. £2,951 7 3 Statement op Liabilities. Outstanding liabilities, — £ s. d. £ s. d. Debentures issued under the Local Bodies Loans Acts* .. .. .. .. .. 3,178,100 0 0 Under " The Local Bodies' Loans Act, 1908" — Loans provisionally granted for which steps not completed .. .. .. .. 159,965 0 0 Money promised to local authorities which have complied with the provisions of the Aetf 93,383 0 0 Under section 75 of " The Local Bodies' Loans Act, 1908"— Unpaid balance of loans .. .. ' ., .. .. .. .. 69,924 0 0 323,272 0 0 £3,501,372 0 0 Statement op Assets. Assets,— £ s. d. £ s. d. £ s. d. Payments for twenty-six years of 4J per cant, per annum on amount of inscribed debts of local bodies (£1,080,518 12s. lid.{).. .. 1,264,206 15 6 Payments for thirty-two years of 4 per cent, per annum on amount of inscribed debts of local bodies (£72,073 9s. 10d.{) .. .. .. 92,254 0 0 Payments for forty-one years of 3J per cent, per annum on amount of inscribed debts of local bodies (£1,464,543 3a. 5d.{) .. .. 2,101,619 9 1 3,458,080 4 7 Less amount paid in respect of the annual repayments .. 1,011,552 18 3 1 2,446,527 6 4 Inscribed debt under section 75 of " The Local Bodies' Loans Aot, 1908 " 566,969 7 5 Less amount refunded on disposal of lands .. .. .. 315,344 5 11 251,625 1 6 Sinking Fund created under section 88 of "The Looal Bodies' Loans Act, 1908" 673,407 8 3 Cash balance, 31st March, 1909 .. .. .. .. .. 2,951 7 3 927,983 17 0 £3,374,511 3 4